Why Live in Madison
Madison, NJ, known as "Rose City," is a charming small city located 15 miles west of NYC. With a population of about 17,000 residents, Madison boasts a historic Main Street filled with local businesses, including Shanghai Jazz for live music and Asian cuisine, and The Chatham Bookseller for rare finds. The community spirit is evident through events like Bottle Hill Day, an annual fall festival featuring live music, street vendors, and family-friendly activities. Madison's school district is highly rated, with schools such as Kings Road School, Torey J. Sabatini School, Central Avenue School, Madison Junior School, and Madison High School providing quality education. The area offers various things to do, including visiting Memorial Park for its dog park, community pool, and ice rink, or exploring Giralda Farms Preserve for its trails. Madison's housing includes 1950s colonials, Victorians, and contemporary new constructions, with single-family lots larger than average. The city is commuter-friendly, with a direct train to NYC from its historic train station, and Newark Liberty International Airport is just a 30-minute drive away. Madison also hosts Drew University and Fairleigh Dickinson University, offering educational and cultural opportunities, including the Shakespeare Theatre of New Jersey. The Madison Public Library provides diverse programs for all ages. Despite its many offerings, Madison has a B plus rating for diversity according to Niche.
Home Trends in Madison, NJ
On average, homes in Madison, NJ sell after 26 days on the market compared to the national average of 51 days. The median sale price for homes in Madison, NJ over the last 12 months is $1,215,000, up 27% from the median home sale price over the previous 12 months.
Median Sale Price
$1,215,000
Median Single Family Sale Price
$1,325,000
Median Townhouse Sale Price
$833,000
Average Price Per Sq Ft
$622
Number of Homes for Sale
16
Last 12 months Home Sales
137
Median List Price
$1,229,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
27%